Can You Get a 2007 Price Today?

The last real estate market peak was somewhere around 2006-2007, depending on how you look at it. Then we had 2008-2011 as down years.

Now that the market has come roaring back, how are those peak-year prices looking?

One recent sale, at 500 14th St., actually exceeded the price sellers sought back in 2007. The home was on the market in both 2007 and 2008 at $1.850M. But it actually did not sell. It was overpriced for the time.

Now, it has just sold here in 2013 for $1.979M. And it really wasn't in very different condition from back in '07-'08.

In another recent sale, 927 27th (pictured), we see a home that's unusually large for the Tree Section at 4200+ sq. ft. (thanks to a basement). It sold new in 2007 for $3.150M.

Now it has resold for somewhat less: $2.900M.

While they did not hit or exceed the 2007 price, they came within shouting distance of it, which is impressive in its own right. The "Tuscan" style is definitely of the prior building cycle, and the location is not super.

So, can you get a 2007 price today? Maybe. These two examples go above and below the line.

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For more on each property, see these posts on MB Confidential: "Beating 2007" and "Near $3M in the Trees."